Crompton Greaves Consumer Electricals soars on securing LoA from MEDA
CromptonGreaves Consumer Electricals is currently trading at Rs. 344.00, up by 5.00 points or 1.47% from its previous closing of Rs. 339.00 on the BSE.
The scrip opened at Rs. 343.50 and has touched a high and low of Rs. 344.00 and Rs. 340.40 respectively. So far 1186 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 483.65 on 02-Sep-2024 and a 52 week low of Rs. 298.15 on 22-Apr-2024.
Last one week high and low of the scrip stood at Rs. 344.50 and Rs. 330.10 respectively. The current market cap of the company is Rs. 21825.13 crore.
The Institutions and Non-Institutions held 87.38% and 12.63% stake respectively in the company.
Crompton Greaves Consumer Electricals has secured a new solar water pumping system order under the prestigious PM-KUSUM scheme. The company has received a Letter of Award (LoA) from the Maharashtra Energy Development Agency (MEDA) for the design, manufacture, supply, transport, installation, testing, and commissioning of Solar Photovoltaic Water Pumping Systems (SPWPS) across various locations in Maharashtra. The order is valued over Rs 10.60 crore.
With this order, company continues to deliver on its commitment to enabling sustainable farming through reliable and efficient solar water pumping solutions. Backed by a strong service network, capable channel partners, and a legacy of trusted performance, the company is well-equipped to meet the increasing demand in this space. With plans to deploy increasingly more solar-powered pumps under the PM-KUSUM Scheme in the next few years, the company is playing a key role in efforts to make an impact in the energy efficiency category.
Crompton Greaves Consumer Electricals is India’s market leader in fans, number one player in residential pumps and has leading market positions in its other product categories.
